On June 27, GRONHUI announced that the earnings of YOHO Group (02347.HK) in fiscal year 23/24 was HKD 840 million, a decrease of about 1.6% compared to fiscal year 22/23. The net profit in fiscal year 23/24 is about HKD 22.3 million (fiscal year 22/23: net profit was HKD 6.3 million); the board of directors proposes to distribute a final dividend of HKD 0.030 per ordinary share for fiscal year 23/24 (fiscal year 22/23: HKD 0.024).
The company has business locations both online (through the YOHO e-commerce platform) and offline (through a network of retail stores, currently including offline retail stores in the Kwun Tong, Cheung Sha Wan and Causeway Bay districts), and is ready to operate its retail business under the OMO business model of YOHO by leveraging technology. The company's customers enjoy the various benefits brought by the synergies created by combining online and offline retail channels.